The three major indices have again reiterated their point of bullish sentiments with the #DOW marking a new record high at 21681.53; #SP500 at 2463.54 and the #NASDAQ at 6341.83 in June while the Nikkei 225 Average trailing behind, but still above the 20k levels.
As Facebook marking a high at 160.32 and Alibaba at 152.25 leading the surge; while Amazon refuses to give anything below USD1000 struggles to keep its prices afloat at the end of the trading week. But the market's ability to maintain a continuation of its bullish sentiments are well supported contrary to the negative figures in CPI and Retail sales. Likewise, this resulted a considerable push for the #USD - #DXY to its psychological price support at 95.05 /10 closing for the week. Click below to view other charts.
US stock equities pressured from GS & BA earnings pushing a corrective move for the three (3) equity indices. Meanwhile, the USD fell as healthcare's delay to be pass have dampened market sentiments
ReplyDeleteFor now on the fundamental perspective, equities are in triple digit declines from tepid earnings report which have dampened market sentiments.
ReplyDeleteThis is now the perfect time for the market to make some serious adjustments on the differentials stated above. However, for as long as prices stay well within its range bound, its wide consolidation is in place. Naturally the new registered highs would have to pullback from profit-taking activities.
That's why 'Alternating Trade Strategies' between Equity & Currency would compliment investors from these types of split-market conditions at times.
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